The New York State Local Government Assistance Corp. on Tuesday appointed WR Lazard, Laidlaw & Mead Inc. as lead manager for an upcoming bond issue, marking the first time a minority-owned firm has entered the agency's bookrunning ranks.

WR Lazard will act as bookrunning senior manager for one deal, while First Albany Corp. will serve as the deal's co-senior manager, the corporation announced. The issue will be sold before the end of the state's Ascal year in March 1994, said LGAC chaiman Gedale B. Horowitz.

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